AUD/USD flows: Driven by higher retail sales

The May Australia Retail sales have come in stronger than expected at 0.6% m/m. It is a positive sign for the Australian economy as consumption has been slower than 2023 so far with continuous high inflationary pressure. Risk sentiment is mostly positive except in China, which seems to be dragged by the missed private service PMI.

AUD/USD is trading 0.16% higher at 0.6677.